Prime Securities, a listed Sebi-registered Merchant Banker, announced on Thursday the launch of the Prime Litmus Real Estate Opportunities Fund, a Category II Alternative Investment Fund (AIF) focused on structured credit investments in under construction real estate projects through its Group Company, Prime Litmus Investment Management.
The fund has a target corpus of Rs 750 crore along with a green shoe option of Rs 250 crore. The Category II AIF will focus on structured credit investments in self-liquidating real estate projects across India’s key metropolitan regions including Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru, Chennai, Hyderabad and Pune.